The point being cost vs benefit averages. Studies on just about every type of warranty leads to the same conclusion. On the average people pay way more for warranties than the warranties pays back to them to fix or replace something. Most people will never come close to recouping the cost. Of course there are those rare cases, but the chance of any one individual needing to use the warranty to pay for something that cost more than the total cost they paid for the warranty is very slim.Disagree entirely. Apple Care + includes the ability the replace the device if you break it. It is a damage replacement plan. And it is worth it for that alone. Is it expensive? Yes. But cheaper than the plans that Verizon and Best Buy offers by far.
And as that article points out:
"Except for AppleCare+ for iPhone, AppleCare does not cover any damage due to “accidents.” So if you damage your iPad by dropping it or spilling water on it, you’re not covered even with AppleCare. You also aren’t covered for loss or theft under any circumstances."
It also covers a depleted battery.
AppleCare+ is well worth it to me, and by having it, I don't worry about a huge case, or a screen protector.
Bad batteries tend to go out during the first year, which is covered by the manufacturer. The chance of it going out after that is very slim.
Essentially, as with any insurance, AppleCare is a gamble. You don’t decide whether or not a gamble is worth it based on anecdotes of prior outcomes. Instead, you try to predict the expected value of the purchase. To do this for AppleCare, you need to consider the cost of the warranty, the cost of an otherwise un-covered repair, and the likelihood that you will need such a repair.
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Essentially, as with any insurance, AppleCare is a gamble. You don’t decide whether or not a gamble is worth it based on anecdotes of prior outcomes. Instead, you try to predict the expected value of the purchase. To do this for AppleCare, you need to consider the cost of the warranty, the cost of an otherwise un-covered repair, and the likelihood that you will need such a repair.
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According to what I’ve been told [Update: and as confirmed on an Apple webpage], Apple will replace any damaged out-of-warranty iPhone with a refurbished model for a flat fee of $200. To get a replacement under AppleCare+, it will cost you $148 ($99 for the warranty + $49 service fee). In other words, AppleCare+ will save you only $52 — compared to getting an non-covered replacement phone. In addition, in order to have a chance at this $52 saving, you need to outlay $100 on an extended warranty that you will most likely never need. In the end, you are more likely to lose $100 than save $52. To me, this makes AppleCare+ a sucker’s bet. I’d rather take my chances and pay the $52 if I lose.
When I purchase electronics for myself I never buy an extended warranty. When I purchase electronics as a gift for others I always include the warranty because I do not want the person to be responsible for any additional cost for something they never purchased, even though the cost for repair will more than likely be much less than what I paid into the warranty.
When others purchase electronics for me, I insist they do not purchase the warranty because I do not want them wasting money on something that will more than likely never be recuperated.
Rocky, can I ask you this if you do not mind answering? How much have you paid in total for AppleCare over the years and how much has AppleCare saved you?